Flat owner selling 999year lease but not "SoF"

Vampyr

Badegg wrote: »

sorry if im being stupid but are you saying that this will mean that the ground rent will change from 90 to 1? the flat already has a 999 year lease.

Yes that's my understanding. When you apply for lease extension, the lease is extended by 90 years and the ground rent falls to £1.

stator

I would never accept it. It's a recipe for disaster.
If you buy a leasehold it must come with it's fair share ownership of the freehold or walk away

Badegg

stator wrote: »

I would never accept it. It's a recipe for disaster.
If you buy a leasehold it must come with it's fair share ownership of the freehold or walk away

i think it seems pretty much everyone agrees 99% to not consider this...same as me.

but does anyone have any idea why this person would want to do this? poster above put forward some valid points but i think they dont apply in this scenario (with only reasonable one was to try get a few extra K mid way but it seems theyre keen to keep - weird!)

for what its worth EA hasnt gotten back to me today but i did notice another EA started to market the property recently - at the new lower price & with worse pictures!

G_M

Just put in your offer, in writing, stating it is for the lease and SOF.

Stop over-thinking and 2nd-guessing the seller.

He'll either agreee, refuse, or negotiate tthe price.